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U.S. Urges China to Strengthen Undervalued Yuan

1/31/2026

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Summary

Story summary

The U.S. Treasury Department called on China to allow the yuan to appreciate, arguing the currency is substantially undervalued and lacks transparency.
The report urged the RMB exchange rate to strengthen with market pressures.
The report criticized China's exchange-rate policies but did not label Beijing a currency manipulator, a designation last applied in 2019.
The U.S. Treasury warned it may reconsider its stance if evidence of currency manipulation emerges.

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Story summary

The U.S. Treasury Department called on China to allow the yuan to appreciate, arguing the currency is substantially undervalued and lacks transparency.
The report urged the RMB exchange rate to strengthen with market pressures.
The report criticized China's exchange-rate policies but did not label Beijing a currency manipulator, a designation last applied in 2019.
The U.S. Treasury warned it may reconsider its stance if evidence of currency manipulation emerges.